Snap (SNAP) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company behind Snapchat would post a loss of $0.04 per share when it actually produced earnings of $0.02, delivering a surprise of 150%.Over the last four quarters, the company ...

The owner of Snapchat narrowly missed Wall Street’s expectations as it continues to grapple with a slowdown in digital advertising. Shares in the social media company tumbled by nearly a third.While Snap said it was “encouraged by the progress we are making”, it cited factors including the conflict in the Middle East, which knocked its business.Snap’s sales rose 5% to $1.36bn in the three months to 31 December, falling short of the $1.38bn expected by analysts. Net losses narrowed from $288m to $248m.Invest ...

Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is now crashing after reporting a fourth-quarter earnings miss. The Snapchat maker’s stock dropped by over 30% in after-hours trading as investors reacted to Snap’s underwhelming revenue figures, tepid user growth, and weak first-quarter guidance.The company touted in its press release it had grown daily active users by 10% year-over-year ...

Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted earnings of 8 cents a share nipped forecasts for 6 cents, while revenue of $1.36 billion fell just shy of the consensus of $1.38 billion. The financials, and a 10% year-over-year uptick in daily active users to ...

Snap Inc.’s stock plunged more than 30% in extended trading Tuesday after the social-media company reported a revenue miss and offered weak guidance — a day after announcing yet more deep job cuts.The results come a week after Facebook parent Meta Platforms Inc. META, -1.02% and Google parent GOOGL, +0.29% GOOG, +0.33% Alphabet Inc. racked up unusually brawny digital-ad sales.Snap logged a net loss of $248.2 million, or 15 cents a share, compared with net income of $288.5 million, or 18 cents a share, in th ...

Snap Inc (NYSE: SNAP) is crashing in extended hours on Tuesday after reporting disappointing revenue for its fiscal fourth quarter related partially to the ongoing Israel-Hamas war. Snap stock up on solid guidanceCopy link to sectionThe stock is being punished also because its management issued muted guidance for the future. Snap now expects revenue to fall between $1.095 billion and $1.135 billion in its current financial quarter. Analysts, in comparison, were at $1.117 billion. Evan Spiegel – the chief ex ...

Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.Snap reported revenue that trailed analysts' estimates on Tuesday and issued a forecast that came in a bit below Wall Street expectations. The stock plunged 30% in extended trading.Here's how the company did:Earnings per share: 8 cents, adjusted, vs. 6 cents expected by analysts, according to LSEG, formerly known as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-K ______________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38017 _________________ ...

2月6日消息，美国时间周一，社交媒体公司Snap宣布全球范围内裁员10%，约500名员工受影响。据公司解释，此次裁员部分目的是为了“促进面对面的合作”。 Snap首席执行官埃文·斯皮格尔（Evan Spiegel）表示，此次裁员包括多位高管，部分目的是减少向高管支付的股票薪酬。这些人包括内容总监萨姆·科劳·克兰（Sam Corrao clon）、内容工程副总裁丁周以及负责平台合作的副总裁康斯坦丁诺斯·帕帕米尔蒂亚迪斯（Konstantinos Papamiltiadis）。 与许多规模较小的科技公司一样，Snap公布的季度财报中，股票薪酬占收入的比例很高，这严重压低了其营业利润。例如，去年前三个季度，Snap公布了近10亿美元的股票薪酬支出，此前该公司创造了32亿美元的收入。在计入股票补偿费用后，该公司的营业亏损达11亿美元。 自2022年以来，Snap已进行了多轮裁员，最近一次是在去年11月，当时公司裁减了一小部分产品团队的员工。上一次大规模裁员发生在2022年8月，当时公司削减了20%的员工，并对业务进行了重组。 根据监管文件显示，Snap预计此次裁员将产生5500万至7500万美元的费用。Snap的一位 ...

Snap Inc (NYSE:SNAP) stock is moving lower today, down 3.1% to trade at $16.51, after the social media giant became the latest tech company to announce layoffs, cutting 10% of its workforce. This comes ahead of the Snap's latest earnings report, due out after the close tomorrow, Feb. 6. Snap stock doesn't have the brightest post-earnings history, having closed its last six next-day sessions lower. Over the past two years, SNAP has averaged a large post-earnings swing of 21.8%, regardless of direction, which ...